1,483 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,483 shares of the specialty retailer’s stock, valued at approximately $431,000.

Several other institutional investors also recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares during the period. International Assets Investment Management LLC raised its stake in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after purchasing an additional 232,469 shares during the period. Clearbridge Investments LLC lifted its position in shares of Tractor Supply by 67.4% during the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after purchasing an additional 162,533 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Tractor Supply in the second quarter valued at $38,070,000. Finally, Swedbank AB acquired a new stake in Tractor Supply during the 1st quarter valued at $34,262,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $281.71 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $284.18 and its two-hundred day moving average price is $275.51. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The stock has a market capitalization of $30.10 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.43 and a beta of 0.82.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSCO. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a report on Thursday, October 17th. Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $282.82.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.